Surana Solar bags 10 MW project contract from Paradip Port.

Surana Solar Ltd. has announced that it has been awarded an EPC and operations and maintenance contract for 10 MW solar power plant by Paradip Port Trust in Odisha.

The project mandate includes EPC contract for design, engineering, procurement and supply and comprehensive operation and maintenance for 10 years of the 10 MW solar power project.

While the EPC contract awarded is valued at Rs. 60.60 crore, the Operations and Maintenance works for 10 years will be worth Rs. 4.75 crore. The deal works out to more than 50 per cent of the company turnover for the financial year 2015-16, according to Narendra Surana, Director, Surana Solar.

The company shares closed the day at Rs. 21.90, up 2 per cent on the BSE.

HBL